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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Bluegreen Vacations Holding's current ratio for the quarter that ended in Sep. 2023 was 7.98.
Bluegreen Vacations Holding has a current ratio of 7.98. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Bluegreen Vacations Holding's Current Ratio or its related term are showing as below:
During the past 13 years, Bluegreen Vacations Holding's highest Current Ratio was 32.04. The lowest was 6.49. And the median was 16.63.
The historical data trend for Bluegreen Vacations Holding's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bluegreen Vacations Holding Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 27.32 | 7.41 | 8.77 | 7.71 | 8.11 |
Bluegreen Vacations Holding Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Current Ratio | Get a 7-Day Free Trial | 7.20 | 8.11 | 10.15 | 8.22 | 7.98 |
For the Resorts & Casinos subindustry, Bluegreen Vacations Holding's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Travel & Leisure industry and Consumer Cyclical sector, Bluegreen Vacations Holding's Current Ratio distribution charts can be found below:
* The bar in red indicates where Bluegreen Vacations Holding's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Bluegreen Vacations Holding's Current Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Current Ratio (A: Dec. 2022 ) | = | Total Current Assets (A: Dec. 2022 ) | / | Total Current Liabilities (A: Dec. 2022 ) |
= | 1192.715 | / | 147.112 | |
= | 8.11 |
Bluegreen Vacations Holding's Current Ratio for the quarter that ended in Sep. 2023 is calculated as
Current Ratio (Q: Sep. 2023 ) | = | Total Current Assets (Q: Sep. 2023 ) | / | Total Current Liabilities (Q: Sep. 2023 ) |
= | 1334.043 | / | 167.125 | |
= | 7.98 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bluegreen Vacations Holding (NYSE:BVH) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Bluegreen Vacations Holding's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
John E Abdo | director, 10 percent owner, officer: Vice Chairman of the Board | P. O. BOX 39000, FT LAUDERDALE FL 33303 |
Alan B Levan | director, 10 percent owner, officer: Chairman of the Bd/President | P. O. BOX 39000, FT LAUDERDALE FL 33303 |
De La Osa Jorge | officer: EVP, Chief Legal | 4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431 |
Dusty Tonkin | officer: EVP, Chief Sales Officer | 4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431 |
Mark Nerenhausen | director | 1221 MT CURVE AVE, MINNEAPOLIS MN 55403 |
Ahmad M Wardak | officer: EVP, Chief Brand Officer | 4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431 |
Chanse W Rivera | officer: EVP and CIO | 4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431 |
Arnold Sevell | director | 4960 CONFERENCE WAY N, SUITE 100, BOCA RATON FL 33431 |
Allmand James R Iii | director | PO BOX 267068, WESTON FL 33326 |
Orlando Sharpe | director | C/O SHARPE PROJECT DEVELOPMENTS, INC., 1212 S. ANDREWS AVE., STE. 203, FORT LAUDERDALE FL 33316 |
Lawrence A Cirillo | director | 755 SATURN STREET, APT I 104, JUPITER FL 33477 |
Gregory Adam Haile | director | 401 EAST LAS OLAS BLVD SUITE 800, FORT LAUDERDALE FL 33301 |
Cagnetta Andrew R. Jr. | director | 401 EAST LAS OLAS BOULEVARD, SUITE 800, FORT LAUDERDALE FL 33301 |
Brett Sheppard | officer: Chief Accounting Officer | 201 EAST LAS OLAS BOULEVARD, SUITE 1900, FORT LAUDERDALE FL 33301 |
Winningham Charlie C Ii | director | P. O. BOX 39001, FT LAUDERDALE FL 33303 |
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